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News and Articles on Condition Subsequent
Attorneys: 108 is sole owner of field, but Apr 27, 2006
Lewis wrote, n 1947, the Illinois legislature codified traditional public policy by passing the Rights of Entry or Re-entry Act' This legislation provided that where a possibility of reverter or a right of entry or re-entry for breach of a condition subsequent exists, and the condition has not been broken for 50 years from the time of its creation, the possibility or right of reverter ceases to exist. n 1959, the Illinois legislature amended the Act to shorten the maximum life of a possibility... (Pekin Times, IL)
Path 1 Network Technologies Reports Inducement Stock Option Grant Under AMEX Company Guide Section 711(a) Nov 19, 2005
84 per share, immediately vested but subject to a condition subsequent of one year of continuous service as CEO and not exercisable for such one year. Vesting would accelerate in the event of a change in control or termination without cause, and the post-separation exercisability period of the stock options would be extended. (PR Newswire)
Newman Excused by a Condition Subsequent? Sep 9, 2005
ContractsProf Blog: Newman Excused by a Condition Subsequent ... Newman Excused by a Condition Subsequent. (Blawg -- Business Law)
HK Bourse: Release from Melco Intl Devt On Connected Deal -15 Mar 23, 2005
Condition subsequent If the concession of the Land is not granted to Great Wonders on or before 1 September 2005, Melco shall have the right to re-sell STDM's 30% equity interests in Great Wonders to STDM and in such event, STDM shall be obliged to re-purchase the 30% equity interests is Great Wonders for the consideration previously paid by Melco ... If the condition subsequent mentioned in the paragraph headed "Conditions of the Third Agreement" above cannot be fulfilled and in the event that... (Yahoo News)
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